Coin overview
ATH
Ended--
Last price (USDT)
301.74K
24h total (USDT)
1.14M
Total vol (USDT)
2024-06-05 08:00:00 ~ 2024-06-12 09:30:00
Trading time (UTC+0)
2024-06-13 04:00:00
Delivery time (UTC+0)
Total supply42.00B
Resources
Introduction
Aethir is the only Enterprise-grade AI-focused GPU-as-a-service provider in the market. It’s a decentralized cloud computing infrastructure that allows GPU providers (containers) to meet Enterprise clients who need powerful H100’s chips for professional AI/ML tasks. Aethir also support cloud gaming clients with their virtual computing phones and GPU's with contracts with the world’s largest telecommunication company. Everything within Aethir ecosystem will be decentralized and community-owned.
Crypto Analyst Predicts BNB Rally to $2,000: What to Expect
Analyst predicts Binance Coin could soon see a significant bullish push, possibly leading to a new all-time high. Innovative tools and traditional finance bridges are boosting the BNB Chain ecosystem, increasing adoption and investor interest. Binance Coin (BNB) has been gaining traction in the crypto market, with recent developments and predictions driving hopes for a substantial price increase. Javon Marks, a popular crypto analyst, tweeted that BNB could be on the verge of a significant surge, potentially tripling its current value to the $2,000 level. Marks underlined that historical trends of BNB point to a possible bullish push, thereby maybe guiding the token to a new all-time high (ATH). Source: Javon Marks on X BNB Shows Signs of Recovery Amid Bullish Momentum Meanwhile, BNB is swapped hands at about $689.58 at the time of writing, a 3.46% increase over the last 24 hours. Following the token’s multi-day correction, which let market analysts conjecture on its next movement, this increasing momentum results. The present price recovery points to a starting point of a bullish sentiment. [mcrypto id=”435407″] Apart from market trends, the BNB ecosystem gains from important developments and cooperative efforts as well. Leading DeFi platform PancakeSwap on BNB Chain has unveiled SpringBoard, a no-code tool meant to streamline token production and usage on the chain, as we previously reported . This innovative ability instantly provides liquidity for recently introduced tokens, therefore removing the need for coding knowledge. The project is supposed to greatly improve user accessibility and propel further BNB Chain ecosystem adoption. Furthermore, showing increasing interest in BNB is the traditional financial industry. A few days ago, according to CNF , Osprey Funds debuted the first publicly traded fund in the United States based on Binance Coin, hence further combining blockchain technologies with traditional financial processes. Offering regulated access to the BNB ecosystem, the Osprey BNB Chain Trust lets traditional investors participate in the growing DeFi sector.
December Historically Closes Over 40% in Bitcoin Halving Years, Analysts Expect Explosive BTC Pump Soon
Bitcoin price makes a spectacular recovery after a brutal fall. Historically December has closed in a 40% price pump in Bitcoin Halving years. Analysts prepare for a major price surge in the final days of December 2024. The price of Bitcoin makes a spectacular recovery after a significant drop . In detail, the pioneer crypto asset set its latest ATH at $108,268.45. Four days ago. Presently, the price of Bitcoin is at $98,434.73, a price that is up by 3.43% in the last 24 hours and down by 9.16% in comparison to its last ATH. Bitcoin Recovers Swiftly After Brutal Dip More importantly, the price of Bitcoin fell from $108,268 to $92,175.18 in 72 hours which led to mass FUD reactions and high panic-selling. Many new traders feared the remarkable drop signaled an end to the bull run pump. In contrast, seasoned traders saw the dip as another healthy correction and an opportunity to accumulate. One reputed crypto analyst known for his many accurate predictions has said many times that Bitcoin price will hit the following targets as we head into the new year: $110,000, $125,000, $135,000, $150,000 and $200,000. This means that Bitcoin should have a very bullish rally including expected dips as the market corrects after certain pump milestones. In this ongoing crypto bull run so far, Bitcoin has set consecutive monthly closes in a bullish green pump. To highlight, the months of September, October, and November have all ended in bullish green closes. Presently, the stage is set for December to close in a bullish green sign as well. December Set to Close With Over 40% Pump The average return in December during a #Bitcoin halving year is +40%. Right now, we're at +1%. There's a huge gap to fill! pic.twitter.com/rXOP1rSMwb — Crypto Rover (@rovercrc) December 20, 2024 As we can see from the post above, in previous Bitcoin Halving years, December’s average return has been over 40%. Presently, with under 9 days remaining for the end of December, BTC is up by 1%. The analyst highlights that BTC price has a huge gap to fill and expects explosive rallies in the coming week ahead. Given Bitcoin’s impressive recovery, the asset may very well surprise skeptical traders. disclaimer read more Crypto News Land, also abbreviated as "CNL", is an independent media entity - we are not affiliated with any company in the blockchain and cryptocurrency industry. We aim to provide fresh and relevant content that will help build up the crypto space since we believe in its potential to impact the world for the better. All of our news sources are credible and accurate as we know it, although we do not make any warranty as to the validity of their statements as well as their motive behind it. While we make sure to double-check the veracity of information from our sources, we do not make any assurances as to the timeliness and completeness of any information in our website as provided by our sources. Moreover, we disclaim any information on our website as investment or financial advice. We encourage all visitors to do your own research and consult with an expert in the relevant subject before making any investment or trading decision.
As XRP Struggles to Break ATH, FX Guys Remains a Resilient Alternative
Ripple (XRP) has had problems following through with its upward trajectory, which has stopped it from creating a new All-time High (ATH). Although there are signs of rising from the downward trend recently, the market has not been very friendly to the cryptocurrency as it fails to make consistent gains. But FX Guys ($FXG) , a new crypto project, remains a strong alternative with its presale growth. The presale of FXG has raised $3.1 million, which is better compared to other crypto coins, and this is just Stage 2. Currently, this DeFi crypto coin is at $0.04, and its launch price is at $0.10. That means investors can make 150% ROI, and this may be the best time for investment. This article examines why FX Guys remains resilient as XRP struggles to break ATH. >>>BUY $FXG TOKENS HERE<<<< Ripple (XRP): Faces Bearish Signals Amid Weak Momentum Ripple is a payment protocol that efficiently and expeditiously settles cross- borders remittance at cheaper cost. At the current time, the expectation of the analyst on the price value of XRP is not very good. On the other hand of the equation, the Price Daily Active Addresses (DAA) Divergence has been giving out the sell signal for the last two days. Nevertheless, the number of participants or active addresses is gradually decreasing, while their price is increasing, hence a bearish signal for XRP. It then demonstrates that XRP is likely to face some difficulties when trying to overcome some pivotal resistance levels. As it is with the MACD signals showing bearish crossover, traders are being forced to make adjustments where possible. FXGuys ($FXG): A Unique Staking Platform for Maximum Rewards With all its benefits in the market, FXGuys has emerged as one of the resilient and most popular altcoins. This token boasts a very different staking mechanism compared to what has been seen among other projects. In relation to the staking platform, $FXG token holders enjoy a number of advantages that have made it the best blockchain trading platform available. The staking allows for a return of 20% annually on those tokens, which in turn depends on the trading volume. With this mechanism, the amount you need to earn will be totally dependent upon your investments since you can stake any amount of tokens. FXGuys removes the buying or selling tax taken from transactions and provides an extremely easy process of generating passive income with this mechanism. FXGuys ($FXG): Unlock Big Earnings with Funded Trading The FX Guys Trader Funding Program offers a once-in-a-lifetime opportunity for professional traders to increase their earnings. Elite retail traders who have passed various trading assessments or challenges can get funded with up to $500,000 in a trading account. The profits shared are very favourable in an 80/20 split toward the trader, making this one of the most popular altcoins for anyone ready to make great success in the markets. Other projects require you often to go through some KYC process, but on the FXGuy platform, it is not necessarily needed. You can start trading right after you’ve created an account without the need to go through any form of verification. This makes it easy for you to deposit fiat money and withdraw this DeFi crypto coin in crypto or fiat currency. >>>BUY $FXG TOKENS HERE<<<< Summary XRP has been working hard to attain ATH, yet FXGuys has made sure that it provides investors with the right tool set to make their portfolios grow. Its staking and funding program for the trader has turned FXGuys into the best blockchain trading platform. You can visit their website and follow the instructions on how to buy the tokens. To find out more about FXGuys follow the links below: Presale | Website | Whitepaper | Socials | Audit
What is MOVE Token and How It Rose to the Top 100 Cryptos
The Movement (MOVE) token is a standout performer in the crypto market, powered by its innovative Ethereum Layer-2 scaling network, the Movement Network. Built using the Move programming language, this blockchain aims to enhance scalability, security, and performance for developers and users alike. By TradingView - MOVEMUSD_2024-12-21 (1M) What is MOVE Token: History and Recent Performance Launched on December 9, 2024, with the Token Generation Event (TGE) and a highly successful "MoveDrop" airdrop, the MOVE token initially gained significant traction. It hit an all-time high (ATH) of $1.45 on December 10, 2024, shortly after its launch. Today, MOVE is trading at $0.9935, reflecting a 43.8% surge in the past 24 hours, following an intraday low of $0.6851 and a high of $1.12. Despite being 29.97% below its ATH, the token has consistently shown resilience, outperforming most other cryptocurrencies during the recent market recovery. By TradingView - MOVEMUSD_2024-12-21 (1D) MOVE Tokens Distribution Plan: A Smart MOVE The MOVE token has a carefully planned distribution model designed to support its ecosystem and incentivize growth: Ecosystem and Community (40%): Reserved for staking rewards, ecosystem initiatives, and user incentives, fostering a vibrant and active network. Early Backers (22.5%): Allocated to early investors who provided financial and strategic support during the development phase. Early Contributors (17.5%): Dedicated to individuals who contributed to the project’s growth, including developers, strategists, and marketers. Foundation (10%): Used to support the ongoing operations of the Movement Network Foundation, ensuring sustainability and development. Initial Claims (10%): Distributed through the "MoveDrop" airdrop, rewarding early users and community participants with 1 billion MOVE tokens (10% of the total supply). By TradingView - MOVEMUSD_2024-12-21 (All) MOVE Recent Hype: How It Rose to the Top 100 Cryptos 1- MOVE Token Performance: A Weekly and Monthly Highlight MOVE’s market capitalization of $2.25 billion ranks it at #57 among top cryptocurrencies, reflecting strong investor confidence. While many tokens struggled during the recent market crash, MOVE’s rapid recovery positions it as a top-performing crypto for the day, week, and month. By TradingView - MOVEMUSD_2024-12-21 (YTD) 2- Factors Driving the MOVE Performance When it comes to the MOVE token standout, here are the factors driving the MOVE token performance: Market Resilience: Amid a volatile crypto market over the past two days, MOVE has emerged as a strong contender, showcasing impressive intraday and weekly gains. Increased Adoption: Its Layer-2 scaling solutions have attracted significant attention from developers and blockchain enthusiasts. Exchange Listings: With major platforms like Binance and Coinbase supporting MOVE, liquidity and trading volumes have surged. Community Backing: The success of the "MoveDrop" airdrop has amplified its community-driven hype. 3- Why MOVE Is Worth Watching With a robust foundation, innovative technology, and strong market momentum, the MOVE token continues to defy the odds in a turbulent market . Its growing adoption, community support, and performance consistency make it a leading choice for investors seeking high-growth crypto assets.
Samson Mow on Bitcoin Crash: 'Supply Shock Is Coming'
Thus far this week, the crypto market has tasted two extreme sides of price movement, with Bitcoin soaring to an all-time high (ATH) above $108,000 while dropping as low as $95,587.68. The week also saw a massive accumulation streak from top pro-Bitcoin firms. Despite this trend, Bitcoin prices still fell off, and Samson Mow has broken the silence on what is happening. Bitcoin supply shock coming In a post on X, Samson Mow noted that he often sees people asking why the price of Bitcoin has continued to fall despite everyone buying, and there is no supply. In response, he said the events of this past month are just the market behaving irrationally with the limited supply of Bitcoin. I often see people asking the question “if everyone is buying and there’s no supply, then why is the price going down?” It’s just the market behaving irrationally with what limited #Bitcoin supply is left. Trust your instincts. The supply shock is coming. — Samson Mow (@Excellion) December 20, 2024 Earlier this week, MicroStrategy bought another $1.5 billion worth of Bitcoin to increase its total holdings to 439,000 BTC. Beyond MicroStrategy, other smaller firms with Bitcoin treasuries, including MARA Holdings, also announced major purchases, effectively depleting the coin’s circulating supply. Amid this buy-ups, the market has not moved past the $108,000 level; rather, it has failed to maintain support around the $100,000 mark. In his reaction, Samson Mow said investors need to trust their instincts and understand that a "supply shock is coming." Imminent BTC price recovery Whenever MicroStratey announces a Bitcoin purchase, as it has done over the past six weeks, market traders find a way to rebalance their pricing to its average purchase price. While it remains uncertain if another purchase will be unveiled in the coming week, the market is likely to rebalance ahead of the potential buy-up announcement. As of writing time, the price of Bitcoin has dropped 3.54% in 24 hours to $95243.24. Amid the ongoing freefall, the coin is bound to see a major retest of this level, as it has formed a strong support around this price range over the past month.
Bitcoin Demand Hits 3-Year High; Signs of 2015-2018 Bull Run Reappear
Bitcoin reached a new all-time high (ATH) earlier this week, briefly surpassing $108,000. However, the crypto king has since faced a pullback, dropping below $96,000. While the decline reflects short-term profit-taking, it does not negate the cryptocurrency’s long-term potential, which continues to garner attention. Bitcoin Is Changing Hands Mid-term Bitcoin holders, particularly those who have held BTC for six to 12 months, are leading the current profit-taking trend. These investors accumulated during prior cycles and are now seizing the opportunity to lock in gains. This behavior mirrors the 2015-2018 bull market when the Spent Output Profit Ratio (SOPR) remained below 2.5 for an extended period, eventually giving way to a euphoric rally. As seen in prior bull markets, heavy profit-taking from these holders is likely to lead to a phase of exhaustion. For Bitcoin to maintain its upward momentum, increased demand and the entry of new buyers are crucial. Without these factors, the bull run could face challenges in sustaining its trajectory. Bitcoin SOPR. Source: Glassnode The HODL waves show a noticeable increase in wealth held by recently moved Bitcoin, indicating a rise in demand-side activity. Coins previously held by long-term investors are being distributed to new buyers, demonstrating that fresh capital is entering the market. This trend highlights the growing interest in Bitcoin despite recent price fluctuations. However, the proportion of wealth held by newer investors has not yet reached levels seen during the peak of prior ATH cycles. While the current metrics show positive signs, Bitcoin’s macro momentum hinges on whether this demand continues to grow. Sustained accumulation by new market participants will be key to driving future price rallies. Bitcoin HOLD Waves. Source: Glassnode BTC Price Prediction: Recovery Ahead Bitcoin is expected to find immediate support around $95,000. Currently trading at $95,144, the cryptocurrency could recover if market sentiment stays positive. The next critical milestone for Bitcoin is flipping $95,668 into support. Achieving this would likely pave the way for a move back above $100,000. Breaking past this psychological barrier would signal renewed confidence and bullish momentum, potentially drawing in additional buyers. Bitcoin Price Analysis. Source: TradingView Failure to hold the $95,000 range or increased profit-taking could push Bitcoin lower. In such a scenario, the next significant support level sits at $89,800. A decline to this point could invalidate the bullish thesis, signaling a potential bearish phase for the market.
An ATH for ETH?
This is a segment from the Forward Guidance newsletter. To read full editions, subscribe . Bitcoin keeps hitting new highs. Good for bitcoin, ether says (if the asset could talk). ETH’s price of $3,470 (as of 1:30 pm ET Thursday) is about 30% off of its nearly $4,900 all-time high (set in November 2021). Newsletter Subscribe to Forward Guidance Newsletter Subscribe LMAX Group market strategist Joel Kruger said a weekly close above $4,000 could help accelerate the rally toward a retest of its price peak. That “could easily play out between now and year end,” he told me earlier this week. Stocks , BTC and ETH then dipped following Wednesday’s FOMC meeting. Still, Kruger said he doesn’t expect the latest crypto asset selling to materially impact longer-term price outlooks. CoinShares research associate Luke Nolan told me he’s eyeing February or March for ETH to hit a new high — that is, if market momentum continues and ether ETF flows remain strong. He sees several factors working in ETH’s favor: a multi-year low in the ETH/BTC ratio; a flip in retail and institutional sentiment; and being an attractive relative value trade (given ETH is one of the few notable coins yet to hit an ATH this cycle). On the investor sentiment piece, US spot ETH products have brought in $3 billion of net inflows since Nov. 6 ( after the election ). That number is $13.5 billion for spot BTC funds over that span. BTC remains an “easier sell” for many investors given its digital gold narrative, Nolan argued. More difficult to grasp is an analogy of Ethereum as a kind of global decentralized AWS . “It’s a slower process to get people to understand [ETH’s] value proposition,” he added. “But it seems to be happening more so now than it was when the products initially launched.” Start your day with top crypto insights from David Canellis and Katherine Ross. Subscribe to the Empire newsletter . Explore the growing intersection between crypto, macroeconomics, policy and finance with Ben Strack, Casey Wagner and Felix Jauvin. Subscribe to the Forward Guidance newsletter . Get alpha directly in your inbox with the 0xResearch newsletter — market highlights, charts, degen trade ideas, governance updates, and more. The Lightspeed newsletter is all things Solana, in your inbox, every day. Subscribe to daily Solana news from Jack Kubinec and Jeff Albus. Tags BTC ETH ether ETFs Ethereum Forward Guidance newsletter
Solana Price Prediction: Will SOL Hit $400 or Face Further Correction?
Solana (SOL) is at a critical crossroads. While bullish analysts see potential for a surge to $400, bearish indicators hint at a possible correction. As the sixth-largest crypto by market cap, Solana price movement captures the attention of investors worldwide. This article delves into Solana price forecast , technical analysis, and the key factors driving both bullish and bearish narratives. By TradingView - SOLUSD_2024-12-20 (1D) 1- Solana Bullish Outlook: $400 Surge in Sight? Solana price trajectory has sparked optimism among analysts who see potential for a significant rally. Following a strong upward movement from September to mid-November 2024, Solana hit a new all-time high (ATH) of $263.83 before retracing to the $205 support level. Technical analysis suggests this level could serve as a launchpad for a fresh rally. One of the key proponents of the bullish outlook is analyst MartyParty, who highlights a "ghost feed" candle pattern similar to a fractal observed earlier in the year. This pattern, coupled with Solana price stability in the $205-$210 range, points to a potential surge toward $345. Similarly, another analyst, Ridger R, identifies a bullish flag formation. If this pattern plays out, it could pave the way for Solana to break resistance levels and target the $400-$600 range. Beyond technical analysis, on-chain metrics also support the bullish narrative. Data from Token Terminal reveals that Solana captured 53% of global crypto users in November, surpassing other blockchains. Developer activity also supports Solana growth, with the Electric Capital 2024 Developer Report showing Solana attracted 19.5% of new developers, overtaking Ethereum for the first time since 2016. Solana Total Value Locked (TVL) adds to the bullish sentiment. Data from DeFi Llama shows Solana TVL surged to $8.93 billion, nearing its pre-FTX levels of $10 billion. This growing adoption strengthens Solana status as a top-tier blockchain for DeFi, NFTs, and Web3 applications. With its ability to process over 50,000 transactions per second at low fees, Solana fundamentals support the case for an upward price trajectory. By TradingView - SOLUSD_2024-12-20 (1M) 2- Solana Bearish Outlook: Correction on the Horizon? Despite the bullish projections, some technical indicators and on-chain data hint at a possible correction. Solana price recently closed below the critical 200-day Exponential Moving Average (EMA) at $196, marking a significant bearish signal. This decline triggered over $38 million in total liquidations, with $33 million coming from long positions, adding to investor anxiety. SOL price failed to sustain above the $201.85 support level, closing below key support levels at $196 and $194. Analysts warn that if this resistance holds, Solana price could decline another 10%, with support levels around $174.85 and the 200-day EMA. At present, Solana is trading at $187 , reflecting an 11% drop in the last 24 hours. This sharp decline has added pressure to Solana short-term outlook, with bears maintaining control over the market. Technical indicators add to the bearish narrative. The Relative Strength Index (RSI) sits at 35, well below the neutral level of 50, signaling strong bearish momentum. Such low RSI levels often hint at continued downward pressure. Historical data also suggests a link between sharp TVL declines and price drops. For instance, Solana TVL recently fell from $11.22 billion to $10.35 billion in a single day, reflecting a 7% decline. Similar TVL declines on August 3 and October 29 led to more than 10% price corrections, suggesting a possible repeat scenario for SOL. Another bearish factor is the impact of FUD (Fear, Uncertainty, and Doubt) caused by sudden liquidations. Liquidation events on December 14 resulted in $38.86 million in total liquidations, raising selling pressure on SOL. Unless Solana price recovers and closes above the $201.85 resistance level, bearish momentum may persist. By TradingView - SOLUSD_2024-12-20 (5D) Solana price prediction presents two diverging paths. Bullish factors such as the $205 support, bullish patterns, growing developer activity, and rising TVL point toward a potential surge to $400. On the flip side, technical resistance at $201.85, liquidations, declining TVL, and bearish RSI suggest a possible correction to $174.85. Investors should monitor key support and resistance levels and keep a close eye on market sentiment to determine Solana next move. By TradingView - SOLUSD_2024-12-20 (YTD)
Bitcoin price has legs above $100K despite holders booking record profits — Analysis
Bitcoin’s ( BTC ) recent price rally above $100,000 has coincided with a sharp drop in the supply held by its long-term holders. This suggests that some of the market’s most seasoned Bitcoin investors are booking record profits as BTC price climbed toward the six-figure milestone. Realized profits for Bitcoin longs hit record highs The chart below shows entities that hold Bitcoin for more than 155 days as long-term holders (LTH). Their behavior can often reflect a shift in market sentiment. As of Dec. 19, the supply held by Bitcoin’s LTH dropped to $13.31 billion compared to its local peak of around $14.23 billion two months ago, according to Glassnode data . In the same period, BTC’s price has risen from around $58,000 to over $100,000, indicating that LTHs have been selling their holding at local highs. Total Bitcoin supply held by LTH. Source: Glassnode Bitcoin uptrend above $100,000 is far from being exhausted Bitcoin’s short-term holders (STHs) are stepping in to absorb sell-side pressure from long-term holders. Notably, the LTH supply’s decline has coincided with the rise in the Bitcoin supply held by STHs. The ability of STHs to absorb this selling pressure has likely played a key role in sustaining Bitcoin’s price momentum above $100,000. Bitcoin total supply held by STHs. Source: Glassnode “The proportion of wealth held by these new investors has not yet reached the heights experienced during previous ATH cycle tops,” noted Glassnode analysts UkuriaOC and CryptoVizArt in their weekly report , adding: “The interpretation here is that the market may not have reached the level of euphoric fervor, and saturation by speculators seen in prior cycles.” Bitcoin realized HODL Waves of 24-hour—3-month BTC holders. Source: Glassnode Another useful metric to assess the state of the market is the True Market Deviation (AVIV Ratio), which measures the average unrealized profit— or paper gains—held by active investors. Based on participants’ profitability, this ratio helps determine whether the market is overextended or still has room to run. Related: Double-digit drop in Bitcoin profit-taking metric hints it’s ‘ready’ to rally — Analyst Historically, bull markets tend to peak when nearly all investor categories achieve substantial profits. This scenario often results in overwhelming sell-side pressure, as investors lock in gains while new buyers hesitate to enter at elevated prices. The AVIV Ratio’s extreme band, defined as +3 standard deviations (σ), typically signals such overheated conditions. As of Dec. 19, it stood at 1.81, well below the extreme band of +3σ (2.3). Bitcoin AVIV Ratio tops. Source: Glassnode This suggests that while profits are rising, the market has not yet reached levels of unsustainable euphoria. So, Bitcoin could continue to climb even higher before profit-taking and reduced demand create a real market reversal. Bitfinex says Bitcoin price drop will be mild Analysts at Bitfinex exchange estimate Bitcoin correction to be mild in the coming months, stating that growing institutional demand will eventually propel BTC price to $145,000 by mid-2025, or $200,000 in the best-case scenario. As of Dec. 19, Bitcoin exchange-traded funds (ETF) are currently managing a little over $37 billion worth of assets, compared to $24.23 billion at the start of November, according to Farside Investors data . Bitcoin ETF cumulative net flows. Source: Farside Investors Meanwhile, speculation is mounting within the crypto industry over the possibility that the incoming Trump administration could establish a strategic Bitcoin reserve for the United States, a move that could push the price toward $800,000 by the end of 2025 .
Bitcoin Demand Hits 3-Year High; Signs of 2015-2018 Bull Run Reappear
Bitcoin reached a new all-time high (ATH) earlier this week, briefly surpassing $108,000. However, the crypto king has since faced a pullback, dropping below $96,000. While the decline reflects short-term profit-taking, it does not negate the cryptocurrency’s long-term potential, which continues to garner attention. Bitcoin Is Changing Hands Mid-term Bitcoin holders, particularly those who have held BTC for six to 12 months, are leading the current profit-taking trend. These investors accumulated during prior cycles and are now seizing the opportunity to lock in gains. This behavior mirrors the 2015-2018 bull market when the Spent Output Profit Ratio (SOPR) remained below 2.5 for an extended period, eventually giving way to a euphoric rally. As seen in prior bull markets, heavy profit-taking from these holders is likely to lead to a phase of exhaustion. For Bitcoin to maintain its upward momentum, increased demand and the entry of new buyers are crucial. Without these factors, the bull run could face challenges in sustaining its trajectory. Bitcoin SOPR. Source: Glassnode The HODL waves show a noticeable increase in wealth held by recently moved Bitcoin, indicating a rise in demand-side activity. Coins previously held by long-term investors are being distributed to new buyers, demonstrating that fresh capital is entering the market. This trend highlights the growing interest in Bitcoin despite recent price fluctuations. However, the proportion of wealth held by newer investors has not yet reached levels seen during the peak of prior ATH cycles. While the current metrics show positive signs, Bitcoin’s macro momentum hinges on whether this demand continues to grow. Sustained accumulation by new market participants will be key to driving future price rallies. Bitcoin HOLD Waves. Source: Glassnode BTC Price Prediction: Recovery Ahead Bitcoin is expected to find immediate support around $95,000. Currently trading at $95,144, the cryptocurrency could recover if market sentiment stays positive. The next critical milestone for Bitcoin is flipping $95,668 into support. Achieving this would likely pave the way for a move back above $100,000. Breaking past this psychological barrier would signal renewed confidence and bullish momentum, potentially drawing in additional buyers. Bitcoin Price Analysis. Source: TradingView Failure to hold the $95,000 range or increased profit-taking could push Bitcoin lower. In such a scenario, the next significant support level sits at $89,800. A decline to this point could invalidate the bullish thesis, signaling a potential bearish phase for the market.
A Bitcoin Reserve Act may end crypto’s 4-year boom-bust cycle
With speculation mounting that incoming President Donald Trump may sign an executive order declaring a Bitcoin Reserve on day one, or pass legislation to establish a Reserve during his term, many wonder if the move could lead to a crypto supercycle. Since Wyoming Senator Cynthia Lummis introduced the Bitcoin Reserve Act earlier this year, states like Texas and Pennsylvania have filed similar proposals. Russia, Thailand and Germany are reportedly considering proposals of their own, further ramping up pressure. If governments are competing to secure their own stockpiles of Bitcoin, would we say goodbye to the four-year boom-bust cycle in crypto prices that many attribute to Bitcoin’s halving? Iliya Kalchev, dispatch analyst from crypto lender Nexo, believes “the Bitcoin Reserve Act could be a landmark moment for Bitcoin signaling its “recognition as a legitimate global financial instrument.” “Every Bitcoin cycle has a narrative trying to push the idea that ‘this one is different.' The conditions have never been so ideal. Crypto has never had a pro-crypto US President who controls the Senate and the Congress.” Lummis’ proposed Bitcoin Act 2024 would enable the US government to insert Bitcoin ( BTC ) into its treasury as a reserve asset by buying 200,000 BTC annually over five years, accumulating 1 million Bitcoin, which it would hold for at least 20 years. Jack Mallers, founder and CEO of Strike, believes Trump has the “potential to use a day-one executive order to purchase Bitcoin ” although he cautioned that it would not equate to a 1 million Bitcoin purchase. Dennis Porter, co-founder of the nonprofit organization Satoshi Act Fund, which supports pro-Bitcoin US policy bills, also believes Trump is exploring enabling a strategic Bitcoin reserve through an executive order. Announcement from Dennis Porter that Trump is studying an executive order for a strategic Bitcoin reserve. Source: Dennis Porter So far, Trump’s team has not directly confirmed the claims about an executive order, but Trump was asked on CNBC if the US would create a BTC Reserve similar to its oil reserve (which could mean legislation) and he answered, “ Yes, I think so .” Related: Ohio lawmaker introduces Bitcoin reserve bill allowing state to buy BTC An executive order, however, would lack stability, as subsequent presidents often reverse such orders. The only way to ensure the long term future of a strategic Bitcoin reserve would be with legislation with majority support. Bitcoin advocates on Trump’s team have solid ground to push Lummis’ bill as Republicans dominate Congress and have a slim majority in the Senate. However, just a few Republican defectors, swayed by progressive outrage over supposedly handing the government’s wealth to Bitcoiners, could derail the bill. US Senate and Congress results post-election 2024. Source: The Associated Press ‘Stop comparing this cycle to prior cycles’ Earlier this month, Alex Krüger, economist and founder of macro digital assets advisory firm Asgard Markets, said the election result made him believe that “Bitcoin is highly likely in a supercycle.” He believes that Bitcoin’s unique situation could be compared to gold when it surged from $35 per ounce in 1971 to $850 in 1981 as former US President Richard Nixon took the US off the gold standard, ending the Bretton Woods system. Krüger did not rule out the possibility of Bitcoin going through a bear market as in past cycles. However, he urged the crypto investors to “stop comparing this cycle to prior cycles” as it may be different this time. Trump’s actions to date certainly suggest a favorable administration going ahead. He’s nominated pro-crypto and pro-deregulation Paul Atkins as chairman of the Securities and Exchange Commison after Gary Gensler stepped down . He’s also nominated pro-crypto Scott Bessent as Treasury Secretary and designated former PayPal Chief Operating Officer David Sacks as AI and crypto czar , tasked with developing a clear legal framework for the crypto industry. Supercycle theory has never had super results However, the concept of “this cycle being different” has surfaced in every past Bitcoin bull market, each time backed by narratives surrounding mainstream and institutional adoption. During the 2013-2014 bull run, the supercycle theory was supported by the theory that Bitcoin would gain international interest as an alternative asset to fiat currencies. In the 2017-2018 cycle, the rapid price appreciation was thought to be a sign of mainstream financial adoption and the beginning of Bitcoin’s mainstream acceptance, where institutional interest would thrive. In the 2020-2021 cycle, when tech companies such as MicroStrategy, Square and Tesla entered the Bitcoin market, they believed many tech-related companies would follow suit. Bitcoin’s price performance peaks and lows from prior cycles. Source: Caleb Brown However, in each cycle, the supercycle narrative was not fulfilled ending in a price crash that wiped out proponents as it entered a prolonged bear market. Su Zhu, co-founder of Three Arrows Capital, was the most notable proponent of the Supercycle Thesis from 2021, arguing that crypto markets would remain in a bull market without a sustained bear market, with Bitcoin eventually peaking at $5 million. 3AC certainly borrowed money as if the supercycle thesis was real and when it was eventually liquidated, the crypto market cap fell by almost 50% on the news and the collapse led to bankruptcies and financial difficulties for lenders including Voyager Digital, Genesis Trading and BlockFi. So a supercycle is a dangerous theory to bet your life savings on. For Chris Brunsike, partner at venture capital firm Placeholder and former blockchain products lead at ARK Invest, the Bitcoin supercycle is a myth . “Supercycle is without fail a collective delusion.” Nevertheless, the US election results have overwhelmingly provided Bitcoin with unprecedented and extremely bullish conditions considering the backing of a US President who seems to be following through with his pro-crypto promises , among them to never sell Bitcoin from the US Bitcoin stockpile. The potential global domino effect If the Bitcoin Reserve Act is passed, it may kick off a global hodling race as other countries follow suit to avoid being left behind. George S. Georgiades, a lawyer who transitioned from advising Wall Street firms on capital raising to working with the crypto industry in 2016, told Cointelegraph that enacting the Bitcoin Reserve Act “would mark a turning point for global Bitcoin adoption” and likely “trigger other countries and private institutions to follow suit, driving broader adoption and enhancing market liquidity.” Basel Ismail, CEO of crypto investment analytics platform Blockcircle, agreed and said approval would be “one of the most bullish events in crypto history” as “it’ll catalyze a race to acquire as much Bitcoin as possible.” “Those other nations won’t have a voice, their hand will be forced. Pivot and compete, or die.” He believes “most of the G20 nations, which are the most powerful and most economically advanced countries in the world, would follow suit and create their own reserve stash.” 2024 G20 map. Red: G20, Purple: EU represented countries, Green: African Union represented countries. Yellow: Countries permanently invited. Source: Wikipedia Veteran crypto investor and Bitcoin educator Chris Dunn said to Cointelegraph that such a FOMO-based competitive buying spree among countries could completely alter the current crypto market cycle. “If the US or another major economic power started accumulating, Bitcoin could trigger an FOMO, which could create a market cycle and supply-demand dynamics unlike anything we’ve seen so far.” Hong Fang, OKX exchange President, told Cointelegraph that other countries may already be positioning themselves for such a race. “Game theory is likely already quietly in play.” However, Ismail said much of the Bitcoin purchases would be done via over-the-counter brokers and settled as block trades, so “it may not have an immediate, direct impact on the price of BTC,” but will instead create a long-lasting demand force which will eventually push the price of Bitcoin upward. The new wave of crypto investors may alter crypto market dynamics The Bitcoin market would likely change radically if states become market buyers. A new wave of new investors from global financial centers would flood the crypto markets, changing the market dynamics, psychology and reactions to certain events. While it remains speculative to assume this legislation could disrupt Bitcoin’s well-known four-year halving cycles, several dynamics might evolve, said Nexo analyst Kalchev. Bitcoin is a unique market, driven so far by retail buying and selling with the price highly reactive to market psychology. The emergence of new types of investors could shift market dynamics, altering historical cycles. Ismail believes that “investors from the equities market will behave differently” than hyper-reactive retail investors. Institutional players bring deep pockets and advanced risk management strategies, which allow them to approach Bitcoin differently than retail investors. “Over time, Wall Street’s participation could contribute to a more stable, less reactive market environment.” Stabilization is another way of saying less volatile, which would logically mean bear markets would be less aggressive than in past cycles. Georgiades believes that “price cycles will persist,” but “sustained demand from large-scale buyers like the US could reduce volatility and the swings we’ve witnessed over past cycles.” Ismail meanwhile pointed out the Bitcoin market is already behaving differently from previous four-year cycles. Bitcoin’s price in the current cycle fell below the last cycle’s all-time high (ATH), “which everyone believed was impossible,” and then Bitcoin reached a new ATH before the formal Halving took place. “The four-year cycle has already been debunked and broken multiple times now.” Bitcoin has only seen four halvings so far, with nearly thirty halving events yet to occur. “It’s difficult to imagine that all these halvings will follow the same predictable four-year pattern,” said Kalchev, especially as broader macroeconomic and political factors—such as central bank policies and regulatory developments— exert more significant influence on Bitcoin’s market trajectory. Kalchev believes Bitcoin’s price movements will become less tied to internal mechanics like the Halving, and more influenced by external factors, such as institutional adoption and geopolitical events. Read more: Magazine: 5 real use cases for useless memecoins
Resilience and Synchronicity
From UkuriaOC, CryptoVizArt, Glassnode Executive Summary: A striking degree of similarity in the Bitcoin price trajectory can be observed across prior cycles despite vastly differing market scales, investor composition, and market structure dynamics. With price trading above $100k for a few weeks now, Long-Term Holders are taking the opportunity to distribute supply into fresh demand. This has resulted in a new ATH in realized profit being set, breaching $2.1B. A notable portion of these profit taking volumes are originating from coins aged 6m-12m, with coins older than this remaining relatively dormant in comparison. The percentage of network wealth held by new investors has surged higher, highlighting a robust demand profile, but also reflects a transition in the balance of wealth away from longer-term HODLers. Old But New 2024 has been another exceptional year for Bitcoin, with year to date returns of more than 150%, and the BTC price trading above $100k for a few weeks. When we compare price performance across cycles, we can see that the prevailing cycle is starkly similar to both the 2015-18, and 2018-21 cycles. 2015-2018: +501% 2018-2022: +1085% 2022+ Cycle: +638% This parallel becomes even more impressive when we account for the order of magnitude larger the Market Cap is between these cycles, requiring increasingly larger capital flows to support the same degree of growth. Live Chart Interestingly, the severity of market drawdowns during each bull market uptrend has declined as the market grows, despite the extreme sell-side pressure which typically accompanies aggressive upward price movements. The deepest drawdown in this cycle has been -32%, set on 5 August 2024. The majority of drawdowns have only seen the price fall -25% below the local high, masking this is one of the least volatile cycles to date. This may be a reflection of the significant demand opened up by the spot ETFs, as well as a growing interest from institutional investors. Live Chart Dissecting Losses In the drawdown profile above, the declines in August 2023 and September 2024 are the two deepest drawdowns in the current up-cycle. Both of these periods can be characterized as a point of extreme market pressure, which carried significant potential to devolve into a regime of fear and accelerating losses. We can visualize this using metrics associated with the Short-Term Holder (STH) cohort, which we often consider as a proxy for new market demand. As previously explored in our study on Seller Exhaustion, the STH cohort is the primary source of realized loss during uptrends, providing us with information regarding the top-heaviness of markets. Typically, periods of extreme market distress are characterized by a dominant portion of the coin supply falling into a position of loss (coins underwater). We can see in both of these instances (August-23 and September-24) that a super-majority of STH coins were indeed held at an unrealized loss. Live Chart However, when we measure the magnitude of unrealized losses (paper losses rather than the number of coins held in loss), we encounter a different picture. Whilst a super-majority of the STH supply (coin count) was underwater relative to their cost basis, they did not carry the extreme unrealized losses typically associated with deteriorating markets. Live Chart A similar story is apparent when we denominate Short-Term Holder losses as a percentage of their total invested wealth (divided by the STH Realized Cap). The previously mentioned periods did not lead to cascading realized losses despite the entirety of the STH supply being underwater on the position. In the chart below, we highlight (blue) periods of time where both the percentage of Short-Term Supply held in Loss and the magnitude of losses locked have moved more than 1 standard deviation from the mean. The yen-carry-trade unwind on 5 August is the only notable point where this condition was briefly flagged throughout this bull market uptrend. Live Chart Ramping Up Sell-Side Pressure In the previous section, we assessed and evaluated the impressive relative strength of the Bitcoin market, even during corrections. Next, we will switch our focus towards the demand profile, which is acting to offset sell-side pressure from existing holders, who are taking profits. Long-Term Holders have distributed a significant volume of supply into the rally up to and through the $100k price point. Sell-side pressure from LTHs has eclipsed what was experienced in March when the market set the new ATH at the time of $73k. The magnitude of this sell-side pressure is quite massive, but it is consistent with market dynamics typically experienced in the later phases of a Bitcoin bull cycle. Live Chart This has translated into a substantial volume of profits being taken by the LTH cohort, which has recently peaked at a new ATH of $2.1B/day. If we adopt a simplified assumption that every seller is matched with a buyer, this observation provides some insight into the strength of the demand side, who, by contrast, has provided an estimated $2.1B of fresh capital into the market. Live Chart Compounding on the above observation, we can see the proportion of wealth held within recently moved supply has started to increase meaningfully in recent months. This occurs as coins held by Long-Term Holders are distributed to new investors, which in turn highlights a surge in new demand-side activity. Nevertheless, the proportion of wealth held by these new investors has not yet reached the heights experienced during previous ATH cycle tops. The interpretation here is that the market may not have reached the level of euphoric fervour, and saturation by speculators seen in prior cycles. Live Chart Composition of Sell-Side After demonstrating the scale of the sell-side pressure originating from Long-Term Holders, we can increase the granularity of our assessment using age-band sub-sets of this cohort. By assessing the spent volume of coins aged older than 6 months, it appears as though the majority of sell-side pressure originates from the 6m-12m subset. These coins were more or less acquired in 2024. Notably, coins aged 3 years or more have remained relatively static in comparison, potentially requiring higher prices before the holders decide to release their coins. Live Chart Additionally, we can employ our age breakdowns of the realized profit metric to evaluate which sub-cohorts are contributing the most to sell-side pressure. Here, we calculate the cumulative profit-taking volume by age since the start of the Nov-2024. 6m-1y Realized Profit: $27.3B 1y-2y Realized Profit: $12.7B 2y-3y Realized Profit: $8.1B 3y-5y Realized Profit: $10.1B 5y+ Realized Profit: $12.6B Coins aged between 6 and 12 months dominate the prevailing sell-side pressure, accounting for 38.5% of the total, providing confluence to the above observation. Live Chart We can additionally bolster our thesis by assessing the URPD segregated by holding age. Here, we again note a significant amount of coins aged 2yrs-5yrs old remain changeless, underscoring the notion that higher prices are required to relinquish their coins. Looking Upwards To close, we can now turn our attention to the AVIV Ratio which helps us assess the average unrealized profit (paper gains) held by investors that are active within the market. We can utilize this metric to gauge whether the market is currently over/under heated relative to the profitability of its participants. Typically, Bull Markets reach their conclusion when all denominations of investors are in substantial profits, leading to enormous supply-side pressure coupled with an acute lack of new investors willing to buy at the current price. At the moment, the AVIV Ratio has not yet reached its extreme band of +3σ, suggesting there may be room for the market to run before the profit held by the average investor becomes too tempting. Live Chart Summary and Conclusions Supply-side forces are becoming increasingly prominent as Long-Term Holders continue to actively distribute coins on a large scale, resulting in an impressive $2.1 billion in realized profit. However, a strong demand side is also evident, largely counteracting the significant selling pressure from existing holders. In addition, the proportion of network wealth held by new investors has risen sharply, supporting the notion of a robust demand profile. Nevertheless, this indicates a shift in wealth distribution away from mature investors, which typically occurs during the later stages of Bull Markets. Disclaimer: This report does not provide any investment advice. All data is provided for information and educational purposes only. No investment decision shall be based on the information provided here and you are solely responsible for your own investment decisions.
Bitcoin’s Rising Long Positions and Demand Hint at Possible New All-Time Highs
Bitcoin’s recent market dynamics have sparked discussions regarding a potential new all-time high (ATH) as long positions surge amidst price volatility. The rising number of long positions indicates a resilient trader sentiment, despite ongoing market corrections and price dips. As noted by analysts from COINOTAG, “The sustained rise in long positions relative to Bitcoin’s price decline could foreshadow a significant market shift.” Bitcoin’s long positions rise alongside demand, signaling potential momentum for new ATHs amidst market volatility and funding rate dynamics. Long Positions and Market Sentiment Dynamics The recent surge in Bitcoin’s long positions has raised eyebrows, particularly as the price dipped to crucial support levels. This phenomenon, often termed a “long trap,” occurs when traders enter long positions amid optimism, only for prices to move against them. A critical observation was the rise in long percentages on active exchanges like Binance and OKX as Bitcoin’s price hovered around $92k. This scenario suggests that traders are positioning themselves for a potential rebound while grappling with current volatility. Implications of High Long Percentages Historically, such increases in long positions can signal a market reversal is imminent, particularly when combined with other indicators, such as a dip in funding rates. The rise in longs became stark when Bitcoin approached significant resistance levels, implying that traders may be reacting to broader market signals rather than merely technical analysis. A pivotal moment for Bitcoin’s trajectory could occur if the long percentage tops out, prompting a recalibration of market positions and potential profit-taking by long traders. Analysis of Bitcoin’s Funding Rate Trends The funding rate for Bitcoin has also exhibited noteworthy fluctuations, particularly during recent price movements. After a notable uptick correlating with price increases, the funding rate remained elevated despite subsequent price declines. This suggests that while traders are enthusiastic about Bitcoin’s prospects, the market may be approaching overextended levels. Such conditions often precipitate corrections; therefore, monitoring the funding rate becomes essential for traders seeking to gauge market sentiment. Source: Alphractal The interplay between funding rates and long positions highlights the delicate balance traders face. A sustained positive funding rate could indicate underlying market confidence, yet it also raises questions about potential overextension. If Bitcoin’s funding rate stabilizes or begins to decline, traders will need to assess its implications on future price movements closely. Demand Dynamics and Resistance Levels Demand for Bitcoin has recently surged, reflecting a rise from $40k to upwards of $74k at the start of 2024. This growth is illustrated by a dramatic decrease in inventory at over-the-counter (OTC) desks, culminating in the largest monthly drop observed this year. During this period, a reduction of 26,000 BTC was reported, signaling a tightening supply that is often correlated with rising prices. Source: CryptoQuant The reduction in OTC inventory, coupled with an uptick in Bitcoin prices, has created a scenario where sustained demand may further drive prices upward. However, traders must remain vigilant, as there is a significant resistance level that could impede momentum. Specifically, analysts see a barrier between $97,500 and $99,800, where over 924,000 wallets hold approximately 1.19 million BTC. Source: IntoTheBlock Breaking above this key resistance could herald a new wave of buying momentum, potentially validating bullish sentiments across the market. If Bitcoin can surpass these levels, a new ATH may very well be within reach, underscoring the importance of tracking market conditions closely during this pivotal timeframe. Conclusion In summary, the interplay between rising long positions, funding rates, and significant demand fluctuations places Bitcoin at a critical crossroads. Traders must navigate these dynamics carefully as the market continues to evolve. Monitoring price levels and market sentiment will be crucial in determining whether Bitcoin can secure a new ATH or if the current volatility will lead to further correction. The next few weeks will be telling as traders and analysts align their strategies with these emerging trends. In Case You Missed It: Michael Saylor Proposes Strategic Bitcoin Reserve Amid Criticism Over Volatility and Economic Impact
Bitcoin Briefly Dips Below $100,000 – More Than $860 Million Were Liquidated
After starting this week with a major surge, the cryptocurrency market finally experienced a significant downturn. On Monday Bitcoin’s price reached a new all-time high (ATH) above $108,000. Despite this strong surge, the crypto market seems to have lost momentum. Today BTC briefly dropped below $100,000 (marking a 5-day low), but managed to regain some of the losses. At the time of writing, Bitcoin is trading $100,360 after a 5.15% decline in the past 24 hours with almost $100 billion in trading volume. READ MORE: Here’s When the U.S. Might Create a Bitcoin Reserve, According to VanEck The total cryptocurrency market cap dropped 7.23% during this period to $3.42 trillion. According to data from CoinGlass , positions worth $862.52 million were liquidated – $753.17 million in longs and $110.46 million in shorts).
High ROI? BTFD Coin’s $4.1M Presale, Mog Coin’s $1B Market Cap, and Snek’s ATH Join Best Meme Coins for Exponential Returns
Ready to dive into the meme coin universe and unlock some serious ROI? If you’re searching for the meme coins set for exponential returns, the stars are aligning for BTFD Coin , Mog Coin, and Snek. With the market buzzing and coins like these leading the charge, your portfolio could be about to experience some next-level gains. These aren’t just your typical coins—these are the high-flyers that could very well define 2025. Grab your popcorn because these meme coins are ready to deliver major fireworks in the coming months. Spoiler alert: BTFD Coin’s presale amassed a booming $4.1 million since its launch. Pretty awesome, right? BTFD Coin’s Spectacular Presale Success: A Game Changer in the Meme Coin Space Let’s talk BTFD Coin, the reigning champ of meme coin presales. With over $4.1 million raised and more than 56 billion coins sold, BTFD Coin is taking the crypto world by storm. We’re talking about a presale success that shattered expectations and made heads turn. The coin hit the $1M mark in less than 10 days and smashed $2.5 million in just 14 days. That’s a lot of BTFD bulls charging ahead! And it’s not just the numbers that make this coin so exciting—its long-term growth potential is off the charts. Imagine you invest $3000 in BTFD Coin at its current price of $0.00013. If the coin rises to $0.0006 post-presale (a 360% increase), you’d be sitting pretty with $13,800! BTFD Coin’s staking rewards , P2E game, and massive community support are all key drivers behind its growth. Ready to take the plunge? Now’s your chance to get in before the launch. Mog Coin: Hitting $1B Market Cap and Breaking the Mould While BTFD Coin is tearing up presales, let’s take a moment to shine a spotlight on Mog Coin, which has just hit a major milestone: a $1 billion market cap. Mog Coin has been around for a while, but it’s recently been gaining serious attention for its consistent performance and massive growth. With meme coin investors eyeing it for its market dominance and potential, Mog Coin is becoming a staple in the portfolios of those seeking exponential returns. Mog Coin’s rise to the $1 billion market cap didn’t happen overnight. It’s been steadily growing and proving itself as a meme coin that’s more than just a flash in the pan. It’s got a strong community, a dedicated development team, and the kind of market cap that screams long-term growth. Don’t forget that it’s one of the most recognisable emojis on the internet; that alone is a recipe for stardom! Mog Coin isn’t just fun and quirky—it’s a project with real value, and investors are catching on. Snek: Cardano’s Top Meme Coin Reaches ATH—And It’s Not Slowing Down Last but not least, let’s talk about Snek, Cardano’s most valuable meme coin, which recently hit an all-time high (ATH) of $0.0094. That’s a massive 61% increase in value, and it’s got the crypto world buzzing. Even though Snek is currently priced at $0.0063, this coin has a proven track record of making major moves in the market. Snek is a meme coin with real staying power, and it’s about to shake things up even further. What’s behind Snek’s success? Well, it’s the fact that it has firmly established itself as the premier meme coin within the Cardano ecosystem. As more and more investors jump on the Snek bandwagon, the coin’s potential for exponential growth becomes even more obvious. Whether you’re in it for the memes or the massive potential, Snek is definitely one of the best meme coins for exponential returns. With more growth on the horizon, it’s only a matter of time before Snek becomes a household name in the meme coin world. Wrapping Up: Which Meme Coin Will You Bet On? So, are you ready to bet on the best meme coins for exponential returns? BTFD Coin, Mog Coin, and Snek all have unique qualities that make them stand out in the meme coin market. Whether you’re looking for a presale gem with serious growth potential (BTFD Coin), a meme coin that’s reached a billion-dollar market cap (Mog Coin), or one that’s showing the world what Cardano is all about (Snek), these coins are your ticket to major returns. BTFD Coin’s presale is still going strong, and this is your chance to join the Bulls Squad before it’s too late. Don’t miss out on the opportunity to get in early and ride the wave to huge profits. Find Out More: Website: https://www.btfd.io/ X/Twitter: https://x.com/BTFD_COIN Telegram: https://t.me/btfd_coin Disclaimer and Risk Warning This article is a sponsored press release and is for informational purposes only. Crypto News Land does not endorse or is responsible for any content, quality, products, advertising, products, accuracy or any other materials on this article. This content does not reflect the views of Crypto News Land, nor is it intended to be used for legal, tax, investment, or financial advice. Crypto News Land will not be held responsible for image copyright matters. Readers are advised to always do your own research before making any significant decisions.
Wise Monkey Price Prediction: MONKY Pumps 19%, But Traders Rush To Buy This Meme Coin Staking ICO With Time Running Out
The Wise Monkey price skyrocketed 41% in the last 24 hours to trade at $0.00002173 as of 4.45 a.m. EST on trading volume that soared 113% to $48.16 million. The project’s token, MONKY, went live on December 12, which was announced in a post on X. Since then, the project saw a few listings on major exchanges, including PancakeSwap, KuCoin, MEXC, Gate.io, BitMart, CoinEX, and more. As for its price, it saw a fairly underwhelming performance n the past week. The token initially surged to a resistance at $0.000030, which was then followed by a sharp correction to $0.000012. The project found its bottom at $0.00001179 on December 15. However, Bitcoin’s price surge to $107k brought a new positive trend to the market, and MONKY quickly followed, skyrocketing to $0.00002173. This is still not even close to its ATH at $0.00003281 as recorded a week ago, immediately after the project’s launch, but it generally shows a major progression in the right direction. Wise Monkey Price Prediction Following several attempts to breach the resistance at $0.000020 in the last five hours, Wise Monkey saw its price suffer a sharp correction which brought its price to $0.00001952. The drop was rather sharp, taking place in a very short time. The project was showing signs of growth, with its Bollinger bands getting wider with each passing hour, as the price kept pushing the upper band further up. It still saw small fluctuations, but it would typically only drop slightly, not even reaching the middle point between the two bands. Then, it suddenly dropped below the middle point, but it stopped its descent soon after, before it ever got near the bottom band. This was likely a result of a large sale, possibly caused by a large sell order by a whale, or by a sudden but short-lasting sell-off. The project’s Relative Strength Index (RSI) metric also shows sharp fluctuations in the past 18 hours, with the RSI constantly fluctuating between the overbought zone at 70 and the neutral zone at 50. This suggests that traders would pump the price until the RSI climbed to the overbought zone, which was followed by an immediate change in trend, where the traders would sell until the RSI dropped to the neutral area, only to start buying again. This was a consistent pattern that remained unchanged for the last 18 hours, as mentioned, until the RSI suddenly broke below the value of 50, which caused the sharp price drop, as well. Promising Alternative To Wise Monkey While MONKY seems like its price is about to start a recovery from its sharp drop, many have been turning to new high-potential alternative called Crypto All-Stars (STARS ). This is a meme coin project that is set to end its presale in less than 2 days, making this the last chance to buy STARS during its ICO price of $0.0016782. The project blew up thanks to its flagship product — a new type of staking platform known as MemeVault, which is the industry’s first multi-coin staking smart contract. Right now, it only allows users to stake STARS, but once the token goes live the platform will let you stake 12 different meme coins. Apart from STARS itself, that will also include Dogecoin, Pepe, Bonk, Shiba Inu, Turbo, Floki, Brett, Coq Inu, Milady, Mog Coin, and Toshi The Cat. In time, the project will add support for even more meme coins, which will let everyone who has created a large meme coin portfolio stake all of their cryptos in one place, making the process more accessible and convenient. This has been a major selling point for the project’s ICO, and it is the reason why it’s raised over $21.5 million. With only two days left, there has been a major influx of investments, with whales joining as well. A major crypto influencer on YouTube going by the name of ClayBro, who has over 134k subscribers, says STARS might be the next 10x crypto. Visit Crypto All-Stars. Related Articles: Crypto All-Stars Surges Past $18.6M Best Crypto to Buy Right Now 6 Best Cheap Crypto to Buy Now Under 1
Best and Worst Memecoins Since ATH: Community vs Corporate
Organic communities like DOG, PEPE, and SPX show better long-term resilience. Corporate-driven tokens like PNUT and NOT suffer steep declines due to manipulation. Memecoins with grassroots support maintain value better during market downturns. An analysis of memecoin performance since their all-time highs (ATH) shows a difference between organic, community-driven tokens and those controlled by corporate interests. Crypto analyst Leonidas recently looked at the top 15 memecoins (excluding AI-driven projects) and found a significant disparity in their value retention. Strongest Performers: DOG, PEPE, and SPX DOG leads in resilience, dropping just 24.84% from its ATH of $0.009999 to $0.007515. This shows the value of a committed and organically grown community. Similarly, PEPE, which declined by 30.79% from $0.00002803 to $0.0000194, and SPX, which fell 33.89% from $0.989 to $0.6538, also stand out for their robust performances. These tokens share a common trait: grassroots support that has helped sustain growth. Mid-Performers: MOG, BRETT, and BABYDOGE Mid-tier performers such as $MOG, $BRETT, and $BABYDOGE have faced declines ranging from 34% to 39%. $MOG dropped 36.44% from $0.000004007 to $0.000002547, while $BRETT fell 36.64% from $0.2342 to $0.1484. BABYDOGE is down 39.01%, with its price falling from $0.000000006227 to $0.000000003798. These tokens show decent resilience, but their losses highlight the challenges of maintaining value. Sharper Declines: FLOKI, BONK, and DOGE Tokens like $FLOKI, $BONK, and $DOGE have seen sharper declines, with $FLOKI falling 44.85% from $0.0003449 to $0.0001902 and $BONK dropping 46.35% from $0.00005825 to $0.00003125. Even DOGE lost 50.36% from its ATH of $0.7316, now trading at $0.3632. These figures reflect vulnerabilities in sustaining market enthusiasm amid bearish trends. Worst Performers: SHIB, PNUT, and NOT The worst declines were seen in SHIB, PNUT, and NOT. SHIB plummeted 71.88%, from $0.00008616 to $0.00002423, while PNUT dropped 63.47%, from $2.2491 to $0.8216. Read also: Is the Meme Coin Craze Back? Binance Trading Data Suggests Yes $NOT had the largest loss, falling 72.08% from $0.02448 to $0.006834. These tokens, often criticized for corporate influence, show the risks of pump-and-dump strategies. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
Call for Dutch Bitcoin Reserve: A Bold Step Toward Economic Stability
The letter emphasizes the value of Bitcoin in guaranteeing economic stability and sovereignty. The call to action asks Dutch officials to place the Netherlands first in the digital financial revolution. Strong case has been presented in a recent proposal directed to the Dutch Minister of Finance, government, and De Nederlandsche Bank board to create a national Bitcoin reserve by Bram Kanstein . As the Netherlands negotiates a dubious global financial scene, the letter emphasizes the value of Bitcoin in guaranteeing economic stability and sovereignty. At Onramp, Bram heads the growth team. Moreover, the idea underscores Bitcoin’s special status as “hard money,” an asset with limited supply, resistant to political manipulation, and safeguarded by decentralized technology. The letter emphasizes that Bitcoin provides a viable long-term solution in view of questions about the present fiat monetary system, including unlimited money production, excessive inflation, and rising debt. Call to Action The letter also notes worldwide acceptance of Bitcoin, including remarks from Jerome Powell, Chairman of the U.S. Federal Reserve , who admitted Bitcoin as a rival of gold. The biggest asset manager in the world, BlackRock , has also projected a significant long-term adoption trajectory for Bitcoin because of its possible worldwide monetary alternative character. Moreover, under Trump’s leadership many anticipate a US Bitcoin Strategic Reserve is highly likely. The call to action asks Dutch officials to place the Netherlands first in the digital financial revolution by maintaining Bitcoin reserves, thereby adopting a forward-looking posture. This action, the proposal contends, may reduce economic uncertainty and provide a strong basis for the financial future of the country. Nevertheless, this move if undertaken will boost Bitcoin price which is already creating new ATH recently. The Netherlands is currently at a crucial junction to grab this strategic chance as worldwide popularity of Bitcoin picks up speed. Among the EU members that have been preparing businesses for MiCA to launch full force are countries like the Netherlands. Many more still have to enact the necessary laws for MiCA to be applicable in their own countries. Highlighted Crypto News Today: WazirX Plans to Start Fresh With Exchange Re-open and DEX Launch
The probability of Ethereum hitting an ATH this year has fallen back to just 13% on Polymarket
the probability of Ethereum not reaching a new all-time high this year has risen to 87% on Polymarket. The probability of Ethereum reaching ATH this year has dropped to only 13%. It is worth noting that on December 7th, influenced by the market sentiment at the time, the probability of Ethereum reaching ATH this year on Polymarket once soared to 41%.
Bitcoin Enters Path to $200,000 ATHs as Analysts Mark Two Bullish Indicators on the BTC Price Chart
Bitcoin sets another new ATH marks significant breakout of a megaphone pattern. Analysts believe BTC has now entered the path to $200,000 ATHs. Another bullish indicator is the breakout of the Bitcoin Golden Ratio Multiplier. Bitcoin (BTC), the pioneer crypto asset, set its latest ATH at $108,268.45 setting its third ATH in a row. The last three days saw new BTC ATH every day. This is somewhat similar to last month when BTC set around 7 new ATHs in under 25 days. Similar to the last ATH set then, BTC seems to have slipped into another healthy correction phase taking BTC price to $104,000 price range. Bitcoin Breaks Past Another Bullish Indicator This is likely why the overall crypto market sentiment is slightly lower than yesterday’s, still we remain in the ‘Extreme Greed’ phase. This bullish phase mirrors the many expectations of seasoned analysts who expect the price of BTC to hit $110,000 in the coming days and $125,000 to $135,000 in the coming months. #Bitcoin Breaks Out of the Megaphone Pattern! 🚀 A major move that could ignite the next leg up for #BTC. pic.twitter.com/z6MYbasrwm — Titan of Crypto (@Washigorira) December 17, 2024 Analayst Believes BTC is Heading to $200,000 Prices Next Despite BTC’s current short price dip, Bitcoin (BTC) hit a major bullish signal when it set its latest ATH price. As we can see from the post above, Bitcoin breaks out of a bullish megaphone pattern marking a significant move for Bitcoin. With this breakout Bitcoin can move to setting the next level of higher highs for this ongoing bull cycle. #Bitcoin Golden Ratio Multiplier Breakout! 💥🚀#BTC is finally breaking above the blue line 🔵. Next target: the red line 🔴🧲. pic.twitter.com/OS0HM8Cvyp — Titan of Crypto (@Washigorira) December 17, 2024 The next leg up for Bitcoin price is further recognized by another seasoned analyst. As we can see from the post above, this analyst highlights the Bitcoin Golden Ratio Multiplier Breakout. Based on the graph shared in the post above, this analyst says that Bitcoin seems to finally be breaking above the blue line and expects the next target to arrive in the red line in the $200,000 price range.
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